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  Term Loan Finance
 
 
  Eligibility
 
  • Any Proprietorship/Partnership Firm/Private/Public Limited Company with more than 2 years of track record of profitable business operation and sufficient cash flows to service the monthly rental payments.
  Loan Amount
 
  • Loan amount can vary depending upon the specific requirement and repayment capacity
  Rates & Fees
 
  • Our rates are one of the most competitive in the market and most often better than what other NBFIs can offer.
  • The interest rates are calculated on a reducing balance method.
  • Nominal Service Charge
  • No hidden cost
   Repayment
 
  • In general repayment period is of 3 - 5 years , however depending on the nature of the deal the tenure can vary from 13- 72 months .
  • Usually fixed monthly or quarterly rentals to be paid through Post Dated Cheques (PDCs ) or Bank Transfer. However payment may be structured taking into consideration seasonality of business in certain industries
  • The repayment schedule is provided at the time of disbursement of the funds.
  • Prepayment of the loan is allowed on payment of a fee on the outstanding principal amount
  Application Process & Required Documents
 
  • Memorandum and Articles of the company for a Limited Company; (if applicable)
  • Trade License of the borrowing company & Certificate of Incorporation.
  • Company Information with details about Present Production Facility. (Company profile covering Products, departments, buyers.)
  • Documents in support of the vehicle, machinery/equipment (eg. Quotation, Proforma Invoice, Commercial Invoice, Bill of Lading, etc).
  • Last 3(three) years audited financials (Balance sheet, Income Statement, Cash Flow Statement) of the concerned unit.
  • List of all present lenders with sanctioned date, sanctioned limits, outstanding amount, rate of interest, etc. (Lending + Deposit Relationship).
  • Trade Licence & TIN of the company
  • Others, if any
 
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